Insider Selling: Dorian LPG (NYSE:LPG) COO Sells 5,000 Shares of Stock

by · The Cerbat Gem

Dorian LPG Ltd. (NYSE:LPGGet Free Report) COO Alexander Hadjipateras sold 5,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $54.13, for a total transaction of $270,650.00. Following the transaction, the chief operating officer owned 95,836 shares of the company’s stock, valued at $5,187,602.68. This represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dorian LPG Trading Up 1.3%

LPG stock opened at $54.35 on Friday. The business’s 50-day moving average is $46.21 and its 200 day moving average is $40.73. Dorian LPG Ltd. has a 12-month low of $23.76 and a 12-month high of $55.28. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 7.20 and a beta of 0.61. The company has a current ratio of 3.26, a quick ratio of 3.24 and a debt-to-equity ratio of 0.28.

Dorian LPG (NYSE:LPGGet Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The shipping company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.40. The company had revenue of $187.88 million for the quarter, compared to analyst estimates of $160.78 million. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%.The firm’s revenue for the quarter was up 123.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS.

Dorian LPG Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, August 12th. Shareholders of record on Monday, July 27th were issued a $1.00 dividend. The ex-dividend date was Monday, July 27th.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LPG. Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday, August 25th. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Jefferies Financial Group upped their price target on Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $55.00.

Read Our Latest Analysis on LPG

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LPG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Dorian LPG by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company’s stock worth $483,000 after purchasing an additional 914 shares in the last quarter. NewEdge Advisors LLC increased its stake in Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Dorian LPG by 50.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,039 shares of the shipping company’s stock worth $3,977,000 after buying an additional 59,311 shares during the last quarter. Jane Street Group LLC grew its position in shares of Dorian LPG by 130.6% in the 1st quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company’s stock valued at $2,990,000 after buying an additional 75,818 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in Dorian LPG by 12.7% in the second quarter. Cetera Investment Advisers now owns 13,613 shares of the shipping company’s stock valued at $332,000 after acquiring an additional 1,539 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Company Profile

(Get Free Report)

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.

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